Fraud Prevention

CPE Credit: 8 Course Level: BasicPrerequisite: None

Virtually every entity suffers from fraud, though management might not know it. With fraud costing entities an estimated 5 percent of their annual revenues, organizations lacking proactive fraud prevention measures are the most at risk. This 1-day, instructor-led course will show you why traditional internal controls can be ineffective in preventing many frauds and how to combat fraud more effectively and economically.

Discover what you can do to protect your company from fraud. Learn about management’s responsibilities for preventing fraud and effective internal controls to aid in this effort. This course will take you further into leading techniques to manage the risk of fraud and cut its ongoing cost for all types of entities.

Course Outline

Fraud Prevention

DAY ONE

7:30 a.m. - 8:00 a.m.

Registration - Breakfast Pastries

8:00 a.m. - 9:20 a.m.

Introduction to Fraud Prevention

According to studies by the ACFE, your organization may be losing 5% of its revenue to fraud. Fraud prevention can increase your organization's financial performance as well as help to protect it from the financial and reputational catastrophe that major fraud often causes. It's not as complicated or expensive as you might think. Learn how organizations are combating fraud both effectively and economically.

9:20 a.m. - 9:35 a.m.

Break

9:35 a.m. - 10:55 a.m.

Understanding Fraud Prevention and Reporting The Sarbanes-Oxley Act requires SEC registrants to report publicly on the effectiveness of their internal controls, including those related to the prevention and detection of fraud. But there are major pitfalls you need to know about and avoid. There are also other requirements and guidelines of which all types of organizations should be aware. Take advantage of the guidance available to improve your fraud prevention processes and make your public reporting reliable.

10:55 a.m. - 11:10 a.m.

Break

11:10 a.m. - 12:30 p.m.

Internal Controls: Specific Applications

There are a number of common frauds to which organizations of all types are vulnerable. Often, the controls necessary to prevent these types of losses are simple and economical. This session will explain the types of internal controls that every organization should have in place to prevent the most common types of occupational fraud.

12:30 p.m. - 1:30 p.m.

Group Lunch

1:30 p.m. - 2:50 p.m.

Internal Controls: Specific Applications (Continued)

There are a number of common frauds to which organizations of all types are vulnerable. Often, the controls necessary to prevent these types of losses are simple and economical. This session will explain the types of internal controls that every organization should have in place to prevent the most common types of occupational fraud.

2:50 p.m. - 3:05 p.m.

Break

3:05 p.m. - 4:25 p.m.

Internal Controls: General Applications and Resources Detailed controls are an important part of any fraud prevention plan, but they are frequently useless in preventing financial statement fraud by senior management (the most common kind). Senior executives simply override detailed controls. In this session, you will learn how ethics programs, telephone helplines and employee anti-fraud education are some of the general controls needed in any good fraud prevention program. We will also identify resources available from various organizations to help you build and evaluate your fraud prevention program.

Our
cancellation policy is intended to keep costs low for attendees. Due to financial obligations incurred by ACFE, Inc. you must cancel your registration prior to the start of the event. Cancellations received less than 14 calendar days prior to an event start date are subject to a $100 administrative fee. No refunds or credits will be given for cancellations received on or after the start date of the event. Those who do not cancel and do not attend are responsible for the full registration fee. Should an event be cancelled or postponed by the ACFE due to unforeseen circumstances, ACFE will process a full refund of registration fees within 30 days of such circumstances becoming known. ACFE will attempt to notify affected customers by phone and email after it determines cancellation is necessary.

Satisfaction Guarantee

ACFE seminars are unmatched in scope and effectiveness and backed by our unconditional satisfaction guarantee. If you attend an ACFE event and are not completely satisfied, please contact an ACFE Member Services Representative at
MemberServices@ACFE.com or call (800) 245-3321 / +1 (512) 478-9000.

The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
www.nasbaregistry.org